Santander H1 net profit +29% to €2.25B

|By:, SA News Editor

Santander (SAN): H1 net profit +29% to €2.25B, as expected.

Net interest income -13% to €13.37B.

Profits in Q2 boosted by lower provisions in Spain, although this was offset by weaker performance in Latin America.

Plans to always maintain a "fully-loaded" Basel III capital ratio of 9%, having previously said that it would reach a ratio of 8% by the year-end. (PR)